Donald Trump sold a 6,200-square-foot apartment in the Trump Park Avenue building for $21 million, according to realtor Michelle E. Griffith.
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Ms. Griffith, an agent with Trump global Realty, said there was an offer to rent the floor-through apartment for more than $80,000 a month, before Mr. Trump accepted the sale.
According to the Wall Street Journal, which reported the sale Monday, Trump purchased the Upper East Side building for $115 million in 2001 and later turned it into condos.
“In his mind, it was a strong market and it was a good time to get a deal done”, Griffith told the Journal.
Prices for Manhattan co-ops and condominiums reached a record in the second quarter – an average of US$1.87 million – as bidding wars broke out over a limited number of listings, according to appraiser Miller Samuel Inc and brokerage Douglas Elliman Real Estate.
Griffith, a specialist for the Trump Park Avenue building, which is at 59th Stteet, could not say if the money for the all-cash deal was intended for presidential hopeful’s Trump’s campaign coffers.
The buyer’s agents, Alatia Bradley Bach and Leighton Candler of Corcoran Group, declined to name their client.
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Republican presidential candidate Donald Trump has sold one of his Manhattan penthouses for $21-million. Mr. Trump hasn’t yet responded to a request for comment.
